Gallagher Retail Park, Ashford

• Modern and attractive retail park located in Ashford – a core London commuter town, that benefits from excellent transport connections, with direct access to London and the wider South-East

• Situated in a prominent trading position adjacent to the A2042, 1.5 miles south of Ashford Town Centre, 1.0 miles south of Ashford International Train Station and 0.5 miles west of Ashford Designer Outlet

• Prominent 45,302 sq ft retail park, comprising of 4 units fully let to the leading national covenants of Currys, Pets at Home, Halfords, and Bensons for Beds

• 10-minute drive time population of approximately 88,862 people, rising to 155,376 within 20-minutes

• Total passing rent of £853,855 per annum equating to an affordable average rent of £18.85 per sq ft

• 80% of the income is secured to ‘Very Low Risk’ covenants

• Significant potential for rental uplift in the short to medium term through lease regears and renewals

• Site area of 3.78 acres with a low site coverage of 27.5%

• Freehold

Our client is seeking offers in excess of £11,030,000 (Eleven Million and Thirty Thousand Pounds), subject to contract and exclusive of VAT for our client’s freehold interest. A purchase at this level reflects an attractive Net Initial Yield of 7.25% assuming standard purchaser’s costs of 6.80%.